Francisco Partners completed the acquisition of Sumo Logic for $1.7bn.

Francisco Partners, a private equity firm, completed the acquisition of Sumo Logic, a cloud-based machine data analytics company, for $1.7bn. "Since founding Sumo Logic in 2010, we have created a trusted, cloud-native, SaaS analytics platform for observability and security, enabling our customers to transform complexity into insights and accelerate their cloud transformation adoption. Today's announcement represents a compelling outcome for our stockholders. We are delighted at the prospect of partnering with Francisco Partners in the next phase of Sumo Logic's journey," Ramin Sayar, Sumo Logic President and CEO.